Aug 01, 2023
LOS ANGELES, August 01, 2023--(BUSINESS WIRE)--An affiliate of Angeles Equity Partners, LLC ("Angeles") has acquired Custom Goods, LLC ("Custom Goods"), an asset-light third-party logistics ("3PL") company that provides an integrated suite of logistics services for its business-to-business customers. Angeles will partner with Custom Goods’ talented and experienced management team on this investment. The terms of the transaction were not disclosed.
"Recognizing the significant growth potential of third-party logistics businesses, we have been pursuing a diversified asset-light platform that has compelling upside potential. The diversification of Custom Goods’ end markets and customers and distinctive service offerings across transportation and logistics make this an ideal investment for us. The tailwinds in this sector should provide for continued organic growth and also create attractive opportunities for follow-on M&A," said Sam Heischuber, managing director at Angeles Equity Partners.
"The team at Custom Goods has done a great job building a differentiated business. Their asset-light, diversified business model has facilitated strong momentum over the last few years and has positioned Custom Goods to capitalize on favorable market dynamics. Angeles looks forward to partnering with this team to realize the full potential of the business," said Matt Hively, operating partner at Angeles Operations Group, LLC.
Source: Yahoo Finance